KPMG’s leading global regulatory experts can provide insights into the implications of the raft of regulatory change and the direction of developments around the world.
Customer and Markets
Change the structure and practice within both wholesale and retail financial markets to increase transparency, improve efficiency, and enhance the quality of customer outcomes by changing incentive structures and requiring a more diligent assessment of customer activities and needs.
- Anti-money laundering
- FATCA in South Africa
- Where is FATCA in SA now?
- FATCA considerations for the long-term insurance industry
- Affordability Assessment Regulations
- Binder Regulations
- Consumer Credit Insurance (CCI)
- Demarcation Regulations
- Correctly applying the 'in duplum' rule
- Market Conduct
- National Credit Act
- National Credit Amendment Act
- National Credit Regulator Annual Report 2015-16
- Protection of Personal Information Bill
- Retail Distribution Review
- Taxing your sweet tooth
Governance and Supervision
Improve the people and infrastructure with which banks govern their business. This underpins the rest of the regulatory agenda. This composition, consistency and effectiveness of governance, risk and control frameworks must be re-visited to deliver a model which is fit for the future.
Supervision and reporting
- Exchange control and regulation
- OTC Derivatives
- PRA approach to branch supervision
- Twin Peaks Regulation
- Draft King IV released for public comment
- BCBS Guidelines on the corporate governance principles for banks
- SARB circular relating to Capital Conservation Buffer
- Health, wearables, apps & information protection
Systemic risk and capital buffers
Improve the safety and soundness of financial institutions via additional prudential requirements for Significantly Important Financial Institutions (SIFIs); mandatory Resolution & Recovery Plans; enhances crisis management systems and controls and structural changes.
This is through a combination of more robust financial resources and proposals to make firms easier to resolve - through higher quality and quantity of capital required by Basel III and Solvency II, the Capital Requirements Directive and Regulation (CDR/CRR).
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